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Dow Futures Steady as Indices Snap Losing Streak, Gamestop Reports

Stock Markets Sep 07, 2022 07:40PM ET
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By Oliver Gray 

Investing.com - U.S. stock futures remained little changed during Wednesday’s evening deals, after major benchmark averages staged a comeback rally during regular trading hours and snapped seven sessions of consecutive decline.

By 19:15 ET (23:15 GMT) Dow Jones Futures and S&P 500 Futures were little changed, while Nasdaq 100 Futures lifted 0.1%.

In extended deals, GameStop (NYSE:GME) moved 11.5% higher after reporting Q2 losses of $0.35, slightly better than expected losses of $0.42. Revenue was reported at $1.14 billion versus $1.27 billion expected. The company also announced that it has entered into a partnership with FTX US.

Asana Inc (NYSE:ASAN) added 19% after the company reported Q2 losses of $0.34 per share, better than expected losses of $0.39 per share. Revenue came in at $134.9 million versus $127.27 million expected.

Torrid Holdings Inc (NYSE:CURV) fell 14.3% after reporting Q2 EPS of $0.22 versus $0.24 expected on revenue of $340.9 million versus $340.77 million expected.

American Eagle Outfitters (NYSE:AEO) dipped 14.8% as the company reported Q3 EPS of $0.04, below estimates of $0.14, while revenue came in at $1.2 billion, in line with analyst estimates.

Ahead in Thursday’s session, investors will be closely monitoring fresh jobless claims data, amid expectations of 240K unemployment claims, up from 232K last week.

During Wednesday’s trade, the Dow Jones Industrial Average gained 436 points or 1.4% to 31,581.3, the S&P 500 gained 71.7 points or 1.8% to 3,979.9, and the NASDAQ Composite lifted 247 points or 2.1% to 11,791.9.

On the bond markets, United States 10-Year yields were at 3.267%.

Dow Futures Steady as Indices Snap Losing Streak, Gamestop Reports
 

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